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February 15, 2024
Question

What happens to the extra money i had taken off my cheques for last year? $75/cheque, approx. $1600 up to oct. when i stopped working and went on EI.

  • February 15, 2024
  • 1 reply
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    1 reply

    February 15, 2024

    The extra taxes you had taken from your pay is included in the amount of taxes deducted on your T4 information slip in box 22 and calculated in your taxes as taxes already paid, therefore, lowering the amount of taxes to be paid for 2023.

     

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